Here Comes The Leveson Inquiry Report On News Corp. Phone Hacking

The report of Great Britain's official investigation into News Corporation's phone hacking will be released November 29th and will probably recommend some kind of outside oversight of the press to replace the current self-regulation. On the one hand, this raises concerns about censorship. On the other hand, self-regulation clearly did not handle the outrageous practices that went on at News Corp. Meanwhile, whatever happens to News Corp. across the pond, the media conglomerate is busy buying up U.S.properties and stickingitsnose into U.S. politics.

Cameron will have to decide whether to accept Leveson's proposals in full and risk the wrath of the press in the run-up to an election in 2015 election that polls show he is likely to lose, or face accusations he is in thrall to the media.

"The prime minister is being lobbied furiously by the newspapers and other vested interests of the press," said lawmaker George Eustice, a member of Cameron's Conservative Party who supports stronger regulation.

"But it would be wrong to ignore the conclusions of an inquiry that has cost 5 million pounds ($8 million) and received thousands of pages of evidence. I don't think you can just brush it under the carpet," he told Reuters.